10 October 2018

Erdogan calls to trade in local currencies

During the second edition of Turkey-Africa partnership summit held in Istanbul, Turkish President Recep Tayyip Erdogan called on African countries to trade and do joint businesses with Turkey using local currencies. He underlined that they have to take steps to save their countries from currency pressure. “We prioritized this issue [trading in local currencies] as the country faced speculative attacks recently,” the president said. Turkey has been pushing for trade in local currencies accusing the US administration of using the dollar as a tool to attack other countries’ economies. “We are ready to enhance our trade relations using local currencies not only with our main trade partners but also with our African friends,” he said.

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